KIDZTECH (06918.HK): Non-wholly-owned Subsidiary Heyin Signs AI Model MOU with Fano Labs to Develop Financial AI Solutions

NewTimeSpace News: On 14 July 2026, Kidztech (06918.HK) issued a voluntary announcement. Heyin Capital Management Limited, a non-wholly-owned subsidiary of the Company, entered into a non-binding memorandum of understanding with Fano Labs Limited. The parties plan to form a long-term strategic partnership to jointly develop artificial intelligence (AI) models and AI agent application solutions. The initiative aims to build dedicated AI models and agent applications for financial services and adopt data-driven precision marketing to support business operations.
Heyin will contribute compliant financial operation scenarios, industry-specific data, market channels and professional operational support. Fano Labs will provide technology research and development, model iteration, system engineering and computing resources. Heyin is an insurance brokerage firm in which Kidztech acquired a 70% equity interest in April 2026 at a consideration of HK$2.49 million. Fano Labs is a Hong Kong-based financial AI technology enterprise.
The Company stated the cooperation will drive business innovation, improve operational efficiency and cultivate new growth drivers. The AI solutions will be deployed for internal use at the initial stage and may be extended to external clients in future. The MOU serves as a letter of intent and is not legally binding.

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